• 1H22 production was 1,729 boe/d, which is in line with previous indications. 1H22 cashflow from operations before a ~US$5 mm change in working capital (due to a large increase in receivables) was US$19 mm, ahead of our forecasts of ~US$17 mm.
• At the end of June, Zephyr held US$10.6 mm in cash. In addition there were US$6.8 mm in current receivables (total of US$17.4 mm in cash plus current receivables). This is in line with our expectations of cash plus current receivables of US$18 mm.
• Ne ....
21 Sep 2022
Zephyr Energy Plc (AIM: ZPHR): 1H22 in line with expectations
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Zephyr Energy Plc (AIM: ZPHR): 1H22 in line with expectations
Zephyr Energy PLC (ZPHR:LON) | 4.2 0 0.0% | Mkt Cap: 71.7m
- Published:
21 Sep 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 1H22 production was 1,729 boe/d, which is in line with previous indications. 1H22 cashflow from operations before a ~US$5 mm change in working capital (due to a large increase in receivables) was US$19 mm, ahead of our forecasts of ~US$17 mm.
• At the end of June, Zephyr held US$10.6 mm in cash. In addition there were US$6.8 mm in current receivables (total of US$17.4 mm in cash plus current receivables). This is in line with our expectations of cash plus current receivables of US$18 mm.
• Ne ....